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@strafniki10803 жыл бұрын
So they succeeded because of state owned industries and in east europe we failed :d
@AltSimplified3 жыл бұрын
@@strafniki1080 thanks for the comment. State owned enterprises can be a broad brush. Interestingly we'll be discussing more about eastern european state owned enterprises in our next video!
@kevinclydeeguia25433 жыл бұрын
Your videos are so informative about the economies of different countries especially in countries in southeast asia(I'm filipino)... I genuinely hope that this channel grows in the youtube sphere...But you should add a sprinkle of humour and passion in your videos because there are some people that have a short attention span which they get bored easily and specially when it is about economics, speaking from experience. Have a Happy New Year
@MDSR174553 жыл бұрын
@@AltSimplified im not mad i just want to know. Do you that Singapore is not kick out of Malaysia. I am not mad i just to know if you knew about this and again im not mad
@ajithsidhu71833 жыл бұрын
@@AltSimplified how can Malaysians be a higher income earners
@kaimazlan58833 жыл бұрын
We had soooo much potentials. Rich lands, diversed people, beautiful landscapes but all of these have not been fully optimised due to our political instability.
@illuminaticomfirmed69483 жыл бұрын
Diversity is one of our biggest weaknesses.
@Sarah-yg8kt3 жыл бұрын
@@nur-azhar not really, it's politic, they use religion for their own use
@steven81483 жыл бұрын
@@Sarah-yg8kt 200% agree. Religion for own gain.
@Vimalanvijay3 жыл бұрын
@@illuminaticomfirmed6948 well if it was then explain Singapore? Diversity is our strongest point. One country that has both Chinese and Indians which can expand our skills and bussinesses to these huge markets. We speak really good English compared to our close neighbours. Diversity is our strong suit but has been exploited for political gain. If we can see each other as Malaysians first, this country could honestly, from the bottom of my heart, can be on the international stage. Sad we wont be for a longgg time
@illuminaticomfirmed69483 жыл бұрын
@@Vimalanvijay Um yeah thats why they mass migrate Han Chinese people into Singapore to maintain the Han majority? www.researchgate.net/publication/309039667_Racial_Hegemony_and_Immigration_Policy_in_Singapore Our country is corrupt, stuck in the middle-income trap, and lacks unity. I don't exactly thing warm feelings are gonna fix its problems.
@darkabyss80663 жыл бұрын
Actually it's simple, old politician should retire and give space to younger generation in the government
@TheBodiesInTheWaterBeckons3 жыл бұрын
That's actually the case for every countries in the world. Looking at my country which is Thailand, all the ruling class are old, straight men rarely any women and are all are highly conservative and religious.
@wolger3 жыл бұрын
The people were stupid too. Thanks to democracy voting in an old fart dr. Ma into office..
@nieshamae3 жыл бұрын
Same in philippines
@professionaldisappointment16543 жыл бұрын
Yeah,we don't old horses
@backpackpepelon38673 жыл бұрын
The conservatives are holding the place back from becoming a great nation.
@user-rp9ix2vc4s3 жыл бұрын
Malaysia need to fix their education so that it can drive innovation. If Southeast Asian want to became developed countries, they must build their own manufacturing companies.
@jedrashidul69523 жыл бұрын
This👆
@jackeytam77003 жыл бұрын
Current education system is just pushing bright minds to Singapore and other western and euro countries. Hope that the education revolution happens quick
@anonymousanonimity67183 жыл бұрын
R&D is the king eventually
@adrianchai67613 жыл бұрын
They (Fed state) fk'd up Sarawak's education system. (used to be self governed and not 'standardised' ) Dropping the standard so that it is 'inclusive'. (everyone can 'pass' now)
@arifudin91513 жыл бұрын
Indonesia have many manufacturing company but still developing country
@MrWongnawa3 жыл бұрын
It's hard for a middle income economy based on manufacturing to become a high income without home-grown technology or innovation brand. Taiwan has got Asus, Acer, TSMC, Foxconn and Korea has got Samsung, LG, Hyundai, Kia etc. Even China has managed to build their own global brands like Huawei, Geely, Xiaomi, Oppo etc. However, the middle income economies in Southeast Asia still does not have any of these companies that has made it to global level.
@jesrielalsonado37673 жыл бұрын
How about some countries in europe, e.g. ireland
@yudhatand2853 жыл бұрын
@@jesrielalsonado3767 ireland is not manufacturing income based, it is service income based.
@roneeysole29053 жыл бұрын
You are wrong, i think in southest asian only indonesia has the based on the manufacturing, we have own product like polytron,maspion for the electronic product, we have foreign invest like LG still build their company in java. And then we also apple company asembly in batam it was working
@nabilahhalimi87453 жыл бұрын
Tun Mahathir dah plan semuanya untuk macam mana malaysia jadi macam korea, jepun, tapi PM yg selepasnya tak seperti yg dirancang. Dulu proton ditubuhkan supaya rakyat malaysia jadi terlatih dalam bidang engineering. Supaya boleh cipta teknologi sendiri & capai wawasan 2020.
@splendid963 жыл бұрын
@@roneeysole2905 That is still a foreign based technology tho, not home grown.
@vicherd3 жыл бұрын
Your channel is a perfect compliment to Economics Explained.
@AltSimplified3 жыл бұрын
Glad you think so!
@ihaveaname78853 жыл бұрын
@@AltSimplified seriously. what does the name mean though?
@AltSimplified3 жыл бұрын
@I have a name alt stands for alternatives / alternative concepts etc. Contemporary question as we're reviewing actually!
@Jokkkkke3 жыл бұрын
You could add Unlearning Economics to that list too!
@sirdi83 жыл бұрын
@@AltSimplified alternative to Economic Explained hehe..JK
@qid87193 жыл бұрын
Malaysia only needs a Prime Minister and a wise Cabinet member in the economy. I think Politics is ruining everything 😬 a drastic step needs to be taken by the Government to curb the country's economic problems. Instead of acquiring greenery in Malaysia other fields should also be taken into account just take the closest example of electronics and manufacturing.
@chrisg48553 жыл бұрын
Agreed. If only our government can put aside greed and corruption, genuinely give their love to the country and people, Malaysia will be a nation be move forward progressively and be very competitive. Will be nice to see all races and culture working hand in hand for our common goal. Sad to say, this is not so. Sometimes I wonder how our ministers can afford to be so wealthy. With their monthly income and their accumulated wealth, it just doesn't goes to show how they can reach that level of comfort...Well, end of the day, we will still need to fend for ourselves! Just pray that the government will set and lead a good example for the country and people instead of bickering for power and greed for themselves.
@hafiezisaac3 жыл бұрын
Agreed
@frozzytango99273 жыл бұрын
The answer is to get rid of Chinese monopoly and their economic subversion.
@spiritualfoxplays-tryhardp22843 жыл бұрын
@@frozzytango9927 without the Chinese, the country's economy would've been dead long ago. Look at Singapore and you'll know.
@spiritualfoxplays-tryhardp22843 жыл бұрын
@@frozzytango9927 lmao just saw your previous comments. You're actually a fucking dumbass. No use talking to a Conservative Malay and racist.
@yurusei-eth3 жыл бұрын
"Malaysia's productivity index is lower than South Korea's and Taiwan" - Me, watching this when I should be working o___o
@alliesstar8223 жыл бұрын
Dont compare Korea with Country like Taiwan. Taiwan is far behind Korea in every index. They have much much lower income thann South Korea.
@yurusei-eth3 жыл бұрын
@@alliesstar822 yes I am sure, but I'm confused as to how you arrived at the conclusion that I was comparing Korea and Taiwan from my statement above.
@HazimAlkhulud3 жыл бұрын
hahahaah lol, relatable
@lkgpuanimho03493 жыл бұрын
This is classic example of someone who doesn't understand economics. It is not about working or how hard you work, if it's about working, people in Bangladesh, Vietnam, and India would be richer than Americans or Europeans. Productivity gains doesn't come from how hard you work.
@harathea75543 жыл бұрын
At least Malaysia doesn't have a fast sinking capital like other SouthEast Asian nations. Aside from our capital, which does not only suffer from flooding but also worst traffic... Many parts of my country (Philippines) are experiencing Flooding and it is SERIOUSLY getting worst. My country are made up of 7,000+ islands-take note: they're spread out.
@InternetsToughestGuy3 жыл бұрын
Malaysian here. Honestly, because we're not a financial center/port like HK/Singapore, we need to have our own "Asus/Foxconn/Samsung/Hyundai". We're quite good but just not good enough.
@yang51593 жыл бұрын
Get Huwei smic others to in est in chip factories here
@namelessvi95153 жыл бұрын
@@yang5159 Do you want Malaysia to turn into a communist hell-scape?
@Madraxoo3 жыл бұрын
Need to focus in technology/electronics manufacture
@SaretGnasoh3 жыл бұрын
@@namelessvi9515 western brainwashed victim 😂😂😂
@namelessvi95153 жыл бұрын
@@SaretGnasoh Is this a joke? You really wanted Mainland China's influence to spread across our country? Neither do I wanted America's influence in our country. So why wouldn't you think twice before commenting? Communist fanboy.
@volterwoo3 жыл бұрын
As a Malaysian, we really need to be productive in every sectors
@frozzytango99273 жыл бұрын
That would mean more stress and unhappiness for the working class. The ones will be happy are the managerial, bureaucratic and investor class.
@volterwoo3 жыл бұрын
@@frozzytango9927 You're right... That's why it has to start from the top, if the bottom-half is the only one being productive, that would be modern slavery.
@frozzytango99273 жыл бұрын
@@volterwoo Doesnt matter.. the rich profit by just investing on values that appreciate while the bottom buy things that depreciates over time, the rich will invest on property and stocks and exploit inflation, hurt the bottom class, increase economic disparity, its even worst if you invite overseas to invest in the country, then only a few benefit and wont need the domestic market anymore.. thats what happening to many countries around the world. Malaysia economy is slow and steady,not like a balloon, so people dont appreciate how easy things are here and it doesnt need to be harder. Its just that people dont flaunder their money around at poor people like Vietnam most of the time.
@akifiskandar41862 жыл бұрын
@@frozzytango9927 There is a thing called work life balance and that's what being meant with being productive. The one you're implying is modern day slavery which is what sadly our country is known for today.
@hakimchulan Жыл бұрын
This is truly one of the statements
@dreamcatcher4783 жыл бұрын
In a nutshell, Malaysia have all potential to become global power house. Culture and politic are the hurdle for that.
@saizan31933 жыл бұрын
basically like other countries too..
@azzatazizi83383 жыл бұрын
Why culture if i may ask?
@saizan31933 жыл бұрын
@@azzatazizi8338 they prefer depressed workaholic and suicide culture..
@MrJusonKhaw3 жыл бұрын
And playing the racial card every so often worsen the situations too..
@Sarah-yg8kt3 жыл бұрын
@@MrJusonKhaw that's politic for ya
@eshaihya3 жыл бұрын
When you feel rich, there are those who are richer than you. when you feel strong, there is something stronger than you. -Esha Ihya-
@Fals3Agent3 жыл бұрын
Love for Malaysia from Singapore. We are always rooting for you
@jesusnotgod56353 жыл бұрын
Wish I could go there So many scary place Knew it from MJ 12
@richardgoh87256 ай бұрын
Ignorance is bliss.
@josephmanzuni85933 жыл бұрын
Thanks for the very accurate analysis. The delay from Middle Income to High Income has benefitted the economic leveraging in the rural areas, though. Despite all this, the World Bank and IMF believes Malaysia should be a high income nation by 2023. Which maybe is a better thing as it allows the rural areas to sustain and survive better.
@Hamdoe3 жыл бұрын
Would the 2023 projection still hold after the Covid economy setbacks?
@chongjunxiang30023 жыл бұрын
While no water supply for certain part of Malaysia like in desert or something.
@alifhashim37523 жыл бұрын
@@chongjunxiang3002 The water issue is not due to shortage or lack of infrastructure. In fact Malaysia is the only country in South East Asia that has full water sufficiency besides Singapore. The problem with water is due to poor management by the local water company and not a national issue. The problem is limited to one location only and not the entire country. The question the previous person asked is can Malaysia hit high income by 2023. Yes, it can. Because Malaysia is almost at USD12,000 which is the threshold to high income. So yes, it will hit by 2023 or before. The question should be, what would be the next focus of Malaysia's economy? Would it be manufacturing, R&D, technology or the services industries? On innovation efforts are one the way to develop R&D as the next phase of the Malaysian economy, especially in areas such as nano-technology and high precision electronics, which Malaysia and Singapore has entered earlier than most other countries in Asia.
@pentastarshipz4933 жыл бұрын
no chance of 2023 with such high unemployment rates now.. we need to re-open the economy asap and stabilize the blardy government.. nobody would want to invest in a country that has a possibility to change their PM on monthly basis.
@mangoorange3563 жыл бұрын
I truly agree with your point that "the delay from Middle Income to High Income has benefitted the economic leveraging in the rural areas".
@rehanfauzan46233 жыл бұрын
i truly hope malaysia can become upper-income developed country. after all asean prosperity is necessary to counter major forces of the world. - support from indonesia
@splendid963 жыл бұрын
Likewise we also support Indonesia to prosper in the future! Imagine if Malaysia and Indonesia create an economic block. Nobody would want to mess with us, militarily and economically, and that's only from ID/MY block. Imagine if its ASEAN military block.
@rehanfauzan46233 жыл бұрын
@Jao Bai Dun EU, US & China. let's not make this region their playground to mess with.
@HKChineseCanadian3 жыл бұрын
@@rehanfauzan4623 China is physically and racially tied to ASEAN. This region will thrive with China. I hope Malaysia realizes this fact.
@aliefr29843 жыл бұрын
@@splendid96 if only ASEAN is simillar to europe union, maybe there is 1 extra power besidr USA, China and EU
@aliefr29843 жыл бұрын
@@HKChineseCanadian well, there is one chinese proverb : One mountain can't accomodate two tigers. Until China finally surpass USA, no asia country want to be dominated.
@TheDanCube2 жыл бұрын
It's becoming clearer than ever that Malaysia DOES have what it takes to rival the competitiveness of other Asian countries like South Korea, Taiwan, Japan and China. But it's also worth mentioning that we still have a lot of work to do. Keep up the good work people. We'll get there.
@karannchew25343 жыл бұрын
Some hindering factors: 1. Bad Politics and corruption 2. Racial-based policies 3. Lay back mentality
@nycguycpt3 жыл бұрын
Excellent . Those are he important points, especially number 2. It keeps back the economy to grow faster. It should be more inclusive of all races and cultures and all peoples.
@yang51593 жыл бұрын
Most not hardworking, mainly Chinese hardworking
@Hamdoe3 жыл бұрын
@@yang5159 that's just generalisation, gen Y companies in KL region now are equally multicultural
@proudkuffar98903 жыл бұрын
@@yang5159 There you go. Typical supremacist mentality. You probably study in SJKC and work in Hong Leong bank, don't you?
@Sarah-yg8kt3 жыл бұрын
@@yang5159 stereotype , people are changing and malays and indians (young gen) are getting more hardworking!
@saizan31933 жыл бұрын
Malaysian generally lives in moderation... no need to win but also no need to lose... what's the point of being high developed country if the people stuck in depression only to work and work.. life needs to be balanced.. what's the point?? to earn people's admiration?? sooner or later, Malaysia will achieve that high income status, no need to rush..
@AltSimplified3 жыл бұрын
The great convergence in action!
@mohdumarbinmohamedsallehkp30653 жыл бұрын
Exactly. What is the point become high income country/high developed country if our people live in depression, no time for family because too busy getting money and suicide rate among the people is also high. Slowly but steadily..
@myd_42603 жыл бұрын
@Tdan Kendros thank you for choosing malaysia. 🇲🇾 where do you live btw? (just asking)
@bolmuroturo1893 жыл бұрын
@Tdan Kendrosthank you 💖
@ronzac553 жыл бұрын
I think i agree about this.
@aznpride49233 жыл бұрын
I love Malaysia!!! i had friends from Malaysia, who studied at university in Korea. They were positive and studied hard.
@hyuuganatsume26213 жыл бұрын
I remember Malaysia have various of manufacturing companies even I was shocked to know about, computer motherboard, face mask, gloves, condom, electronic and many more
@worldview28883 жыл бұрын
Does not matter, even at a low salary rate per labour, msia still cannot attract investments and money to support the services. Production but for export to richer countries that profit from the sales of the products, not the manufacturer (Which is own by the name brands.)
@Andy07703 жыл бұрын
Face mask, gloves and condom were using migrant workers, not really helping local worker income.
@iamgreat12343 жыл бұрын
I am shocked too learn Malaysia has big defence industry such as truck and tank manufacturing, naval & merchant shipbuilding, aerospace & drone manufacturing, missile & rockets engineering etc
@williamang96493 жыл бұрын
@Si degil Comel ahahahahaha
@warewolf00653 жыл бұрын
@@iamgreat1234 of course you're malaysian
@ankllkmjd23 жыл бұрын
I like your closing sentence. Until we able to increase our productivity and growth thru innovation. I'm not supporting corruption but to be fair, there are many advanced economy that has serious corruption incidents too. It's just hard to battling human greed. But innovation is something that we can develop.
@shamshulanuar77183 жыл бұрын
Necessity is mother of invention.
@jyun31023 жыл бұрын
as a malaysian computer science researcher in uk, theres 0 incentives for us to go bak to set up an innovation
@WoBuXihuan3 жыл бұрын
Give the Chinese and Indians a chance to control the government
@donkeylzc3 жыл бұрын
Remove Malay supremacy. Remove the Prince of the earth title. Remove entitlement. Remove institutionalised racism. And we have a good start.
@TheNiCeTEa3 жыл бұрын
Definitely, too many help from the government make the major race weak to compete.
@khust29933 жыл бұрын
I love these videos, I really appreciate it. Very informative even for a person who's not well versed with economics like me.
@AltSimplified3 жыл бұрын
Thanks for watching!
@sh7de5532 жыл бұрын
As a Malaysian, I would say talent development and retention is a major gap. Sadly, most employers don't invest enough in training and growth. Entry level jobs especially are deeply underpaid. Outside of a handful of large firms, majority of businesses still position themselves as low cost producers rather than moving up the chain, global brand building etc. Funnily enough, households spend more on foreign maids vs. entry level staff. Minimum wage would be a positive change but fundamentally, businesses need to break out of the low cost segment for productivity to increase. As mentioned, innovation is key but it's not just about R&D. Businesses need to be more creative and bold in their offerings.
@joshuatan96582 жыл бұрын
TBH, the responsibility of "training" should have been local uni's.
@darknight-8902 жыл бұрын
You are over qualified
@kgdangar23 жыл бұрын
well, the laid back culture compensates the slower growth of Malaysian economy. As a Malaysian myself, i prefer just how it is, we are progressing at our own pace. We dont want to be super rich country but in the end of the day you got nothing in your life as you dedicate all your times to the so called "productivity"
@imagonnasah83193 жыл бұрын
Well that’s one simple way to look at it, yes there is a fine line between achieving a high income economy whilst maintaining high quality of life for ordinary citizens in contrast to that of a worked population with less “leisure time” but is the current economical situation of Malaysians as it is now make it okay to be complacent? Almost half a million are living below the revised poverty rate while millions more are scraping by with their current level of “productivity”. Remember that the stagnating growth of the nation’s economy is a clear warning when compared to neighbours who are making attractive policies to increase FDI and nurturing their own native industries to higher levels which also impact the whole tier of the Malaysian economy, not just at the very bottom but especially the middle income group, which depends heavily on the competitiveness of industries & simultaneously from government help (through economic stimulus, healthcare, subsidies, etc).Important thing to note, not all high income nations end up like Japan or S.Korea, in fact they are the minority, the life prospect for everyday people could range drastically according to locale.
@BadassBikerOwns3 жыл бұрын
You said it better than I could ever have.
@BirdTurdMemes3 жыл бұрын
you can do both, it isn’t either/or
@InternetsToughestGuy3 жыл бұрын
Instead of looking towards Japan/S Korea as the ideal advanced economy, we should emulate the more balanced ones(work-life) like the US/Germany.
@noeminoemi13503 жыл бұрын
@@InternetsToughestGuy US does not have a balanced work-life. People are also overworked the salaries are stagnating, except for the billionaires of course, but the cost of living is going up reducing a lot of the middle class.
@sarthsingh32713 жыл бұрын
You will hit 100k very soon! By August 2021, you will be around 102k, my calculations say :)
@AltSimplified3 жыл бұрын
Haha we love an optimist! 👍
@priyansubhagabati81573 жыл бұрын
Noice
@Xaiobi.i3 жыл бұрын
Noice (2)
@morganangel3403 жыл бұрын
@@AltSimplified just don't get stuck in the middle subscribers number trap.
@simulping43713 жыл бұрын
@@morganangel340 that would certainly happen when he reaches 400-700k due to lack of economics inspired viewers demand also when he runs out of countries lol
@syukurarman2903 жыл бұрын
Finally, good and very accurate fact about Malaysia 💪
@AltSimplified3 жыл бұрын
Glad you think so. Sadly not as long as we'd have liked, but always room for improvement 👍
@follymetric3 жыл бұрын
@@AltSimplified does your metrics say that 15 mins is better than 20 mins? it seems most people in your comments are very appreciative of your thorough content
@muhammadjamil37203 жыл бұрын
Yes, Malaysia had a great potential into becoming a high income nation status at least by the year 2020. In my opinion, Malaysia and its government leadership and administration between the year 1960-1990 were already making huge progress into becoming an exporter of manufacturing goods which involved the development of new technologies. However, the innovation and development of new ideas and technologies were limited to a certain sectors or industries only such as agricultural, construction, oil and gas, entertainment, Islamic banking and finance, cultural and tourism, logistics, manufacturing and automotive industries. From these industries, very few industries have grown really fast while the rest were growing slowly in terms of registering new patents and such... From what I have seen and experienced as a young Malaysian adult, I believe that our government had actually seen these risks and have already reformed our education system and higher-education system in terms of the syllabus, diversity of subjects offered in schools, creative and critical thinking development, entrepreneurship development programs, leadership camps, science and innovation, arts and cultures and many more. I truly and honestly believe that the government, government servants especially teachers and lectures, local agencies and many others have worked really hard for years into making sure that the directions set for our country will meet its goals by their specific targeted years. Sadly, progression is still too slow and delayed due to multiple factors occurred within the 60+ years after Malaysia Independence such as corruption among political leaders, racial tensions, disparities in distribution of wealth and education growth, geographical disadvantages, and the relaxed nature of its people (a large minority I feel) that affects productivity. Certainly there are probably other things that can be said more but I think for now, this is my final opinion. Thanks!
@AltSimplified3 жыл бұрын
Thanks for the insight Muhammad! Great additional insight 👍
@tanchye17203 жыл бұрын
Jamil, ‘Young Malaysian adult’, Very well written and good insight....but the main points are not addressed. I understand, as it will tread into sensitive issues.
@harshjain31223 жыл бұрын
@@tanchye1720 huh?
@junkeatng3 жыл бұрын
Good summary. Political & social harmony sometimes takes precedence over progress, especially in Malaysia's case.
@dilyaTebya3 жыл бұрын
"Relaxed nature of its people-a large minority" care to explain the f*** you are trying say with this sentence
@mohmeegaik66863 жыл бұрын
What is important is that low income earners have food on the table rather than focus on higher income status. Already food and homes are getting too expensive.
@kelvinpang4383 жыл бұрын
@Tdan Kendros Not actually true for northern europe,those countries are at the top of the happiest people in the world when comparing between countries...
@jameslim38503 жыл бұрын
Malaysians think their cost of living is high, they should come and live in Singapore then they know its so much expensive. Singaporeans have no choice but to eat cook meals more than eating out to lower their cost of living and take public transport or live in public housing.
@tanchye17203 жыл бұрын
@Tdan Kendros Reminds me of the frogs in the well. They have everything’s they need in the well. They are very happy with what they have, not knowing the world is changing, outside the well.
@noeminoemi13503 жыл бұрын
@Tdan Kendros you are correct .
@123455866201Aaron3 жыл бұрын
@@jameslim3850 I think most Malaysians know the cost of living in Singapore.
@iskandarshah91643 жыл бұрын
Malaysia was strategic hub for business.. surrounding by Thai, Indonesia, Philippines, Singapore. It the best place to stay and invest for High-tech, Property and others resources.
@GeorgiaAndrea3 жыл бұрын
Still is.
@Hamdoe3 жыл бұрын
There is that one new building in Cheras that was meant to attract global companies to set up their hub here but I'm not sure how that plan is coming along nowadays
@Hamdoe3 жыл бұрын
@@Cybernaut21J I mean that's just a blanket excuse, pretty much can use it on any country / growth. We do acknowledge that it happens but we also got to move on.
@waldorfwsc25803 жыл бұрын
ahhh no...investors rather invest in more progressive countries like Vietnam, Thailand, Indonesia and the Philippines. Malaysia is overphased with internal problems, its a bad indicator for investors. So i say Malaysia close SHOP.
@leealex242 жыл бұрын
@@waldorfwsc2580 The solution to solve Malaysia's problem is extremely simple yet so hard to achieve the past 60 years, well all because of the corrupt, selfish and racist leaders who don't deserve to be called leaders at all. Firstly, just need to see everyone as MALAYSIAN and appreciate the cultural diversity/difference between them. Secondly, affirmative action (Perhaps, allocate 30% of money/efforts of government resources) should be based on needs ALONE, nothing else. The rest, the market will react and calibrate accordingly.
@priyansubhagabati81573 жыл бұрын
Can the next economic video be on Bhutan, as an Indian I am always quite curious in this country, the country that doesn't care much about being rich but wants every citizen of it to be happy, and so a video on its economics would be pretty interesting
@ShubhamMishrabro3 жыл бұрын
They're anti globalisation and focus more on people then economy. That's why their debt to gdp is very high. Great country but different way to develop
@hemanshuchudasama35353 жыл бұрын
Lol Indian should care about their own economy which is worst than Malaysia
@kanekiken20023 жыл бұрын
@@hemanshuchudasama3535 We are already caring about ourselves. He is just curious so he asked a question, what's your problem with that ? Racist dumb. You started speaking bullshit just because he is Indian and if he was not Indian or say from Burundi, you wouldn't have said anything.
@sarthsingh32713 жыл бұрын
@@hemanshuchudasama3535 lol what Fyi Malaysia's gdp - 356 billion Mumbai's gdp - 368 billion How can India's economy be worse than Malaysia?
@mrvan34913 жыл бұрын
@@kanekiken2002 the only thing indians care about is Pakistan The whole of India could be crumbling right in front of them and they will still only care about Pakistan Indians are obsessed with Pakistan Iam not Pakistani so I don't care about them
@Ong.s_Jukebox3 жыл бұрын
Thank you for this great analysis!
@ray_993 жыл бұрын
I’m sure your channel will explode like how Atlas Pro’s channel did.
@muffine52793 жыл бұрын
Malaysian politicians: write that down write that down!
@chuahseongteik44883 жыл бұрын
Nahhhhhhh it will be at the end of their list behind corruption and more corruption
@nikarshadsulaiman96143 жыл бұрын
More like just tidur
@ismailmazlan57033 жыл бұрын
They even use "state of emergency" as excuses to hold on power..don't have initiative to bring Malaysia to higher level..plus the backdoor government issue last year cause by politician is truly disgrace Malaysia democracy shame for what Malaysian have right now..
@tiffanying86443 жыл бұрын
Hahah trust me. Malaysian politicians are all useless
@leealex242 жыл бұрын
@@ismailmazlan5703 The solution to solve Malaysia's problem is extremely simple yet so hard to achieve the past 60 years, well all because of the corrupt, selfish and racist leaders who don't deserve to be called leaders at all. Firstly, just need to see everyone as MALAYSIAN and appreciate the cultural diversity/difference between them. Secondly, affirmative action (Perhaps, allocate 30% of money/efforts of government resources) should be based on needs ALONE, nothing else. The rest, the market will react and calibrate accordingly.
@jameslim38503 жыл бұрын
When Malaysia pegged the RM to USD , there were downsides to that action. No investments can come in to Malaysia with that pegging. Its only in 2006, when PM Abdullah Badawi unpegged the RM to USD and later PM Najib Razak which help attract investments from all over the world.
@mluqmanhaqeem93723 жыл бұрын
Woah, u know ah. Good one la.
@jameslim38503 жыл бұрын
@GOSWK TV Yes you are totally right! Najib's BN managed to grow Malaysia economy by 6.2 % nationally in 2017 and in Sabah it was 8.2% only for PH to drop this to almost zero after taking over in 2018. What a waste!
@TTt-gp7mr3 жыл бұрын
@GOSWK TV it wasn't PH that took over and destroyed Malaysia. Its Tun that took over and destroyed Malaysia's economy. if Anuar took over as intended with PH running properly, rather than being obstructed by Tun, things might have been different
@jameslim38503 жыл бұрын
@@TTt-gp7mr DAP, Anwar and Mahathir are ones proven to be corrupt, power crazy and the real racists and thiefs. Till today NOT even a single evidence to prove Najib steal a single sen. Just a political motivated conviction on Najib base on lies by PH cronies using Jho Low name but cannot find Jho low anywhere in the world. So if you are NOT stupid, Najib was simply frame by PH just because he wants to help the rakyat more. but you are too blind to see it.
@ultimathule36913 жыл бұрын
Agreed. Rindu zaman Najib. Everything fell apart after that.
@RayMak3 жыл бұрын
Malaysia is great
@HaniSiKucing3 жыл бұрын
h
@sansand12363 жыл бұрын
You're everywhere!
@adibadham29593 жыл бұрын
Do we always watch the same video...
@osphaarmusic27673 жыл бұрын
Betulnya! :)
@Banom7a3 жыл бұрын
great country, shit politicians
@malekzin47883 жыл бұрын
One of the issues is employers prefer low wage foreign workers than hiring locals so it kept from wages from rising and the government support such move. The other problem is politicians cutting people who are rising. You can see how malaysian actually thrive when they go to other countries like Singapore, HK or UK.
@ducmanhngo44093 жыл бұрын
with Southeast Asian people, Malaysia still is a very rich country. Good infrastructure, education, life standard.....
@leealex242 жыл бұрын
@@zeapic8500 The solution to solve Malaysia's problem is extremely simple yet so hard to achieve the past 60 years, well all because of the corrupt, selfish and racist leaders who don't deserve to be called leaders at all. Firstly, just need to see everyone as MALAYSIAN and appreciate the cultural diversity/difference between them. Secondly, affirmative action (Perhaps, allocate 30% of money/efforts of government resources) should be based on needs ALONE, nothing else. The rest, the market will react and calibrate accordingly.
@evanw51502 жыл бұрын
But the neighbor countries are doing good recently. So they might surpass us sooner or later
@HazimAlkhulud3 жыл бұрын
Malaysia need to invest more in RnD. Innovations takes a lot of time , energy and resources but it will be paid off with the right orientation and technique. Have more patents and support small company that are in IT and innovations
@leealex242 жыл бұрын
The solution to solve Malaysia's problem is extremely simple yet so hard to achieve the past 60 years, well all because of the corrupt, selfish and racist leaders who don't deserve to be called leaders at all. Firstly, just need to see everyone as MALAYSIAN and appreciate the cultural diversity/difference between them. Secondly, affirmative action (Perhaps, allocate 30% of money/efforts of government resources) should be based on needs ALONE, nothing else. The rest, the market will react and calibrate accordingly.
@bluefanofeverything43293 жыл бұрын
I'm really interested in the economy of South East Asia (Malaysia, Philippines, Vietnam and Indonesia) because of this channel. Can you do Thailand next? (The only Tiger Cub Economy you haven't covered)
@forretresss3 жыл бұрын
Thailand's economic and political system is very messy and unstable... The military has so much power and they are very corrupt... The military is backed by the king, and now the king is given billions of dollars every year from tax payers. That's why King Vachiralongkorn is the richest monarchy/ruler in the world (assets more than 60 billion USD now)... Right now thai people are protesting against the king and the military alliance. III #WhatsHappeningInThailand
@AltSimplified3 жыл бұрын
Thanks for the comment! We will be covering Thailand in the next few videos ;)
@aunshernfoo3753 жыл бұрын
I personally think that Malaysians should independently consider and vote for political parties/leaders that can contribute in the following areas: #1. Actively Combat Corruption #2. Peaceful and Harmonious Society #3. Safe Residential Community #4. Fair Policy for all Races #5. Focus on Economy #6. Focus on Education #7. Talent Governance #8. Transparent Platform: e.g. Public tender for all government projects Those who can achieve the above (not 100% of course), will get our vote. As a return, politicians should get a good salary, bonus, and retirement pension.
@abdulhusaindohadwala8983 жыл бұрын
Malaysia is going to be the CAPITAL OF ISLAMIC FINANCE! Last time I went to Malaysia, I saw Islamic Banks scattered all across the country
@dawsame54233 жыл бұрын
Alhamdulillah
@ayahpinkofficial27693 жыл бұрын
Malaysia get the highest mark in the world for Islamic finance in 2019 ...the second is UAE...
@susgabut88603 жыл бұрын
@@ayahpinkofficial2769 Aik? Ayah pin🤣👌👍
@muhammada24453 жыл бұрын
Ofc islamic bank hahahah😂
@WoBuXihuan3 жыл бұрын
Riba
@PhilipC73 жыл бұрын
Mixing religions with politics will always be a disaster recipe.
@vicson96893 жыл бұрын
Exactly
@qimi73473 жыл бұрын
YEP. Got cucked so hard by mixing them.
@gp27793 жыл бұрын
Cough cough* PASSSS
@CookieeMonstarr6663 жыл бұрын
Not really, shariah is needed in politics to prevent corruptions and also to do justice with the rights of the citizens.
@gp27793 жыл бұрын
@@CookieeMonstarr666 the federal civil court provides justice for all. Don’t say it like the shariah court is the only system that provides justice rights to Malaysians. In fact it is heavily biased to the males in this flawed system.
@reel1tv5873 жыл бұрын
Malaysia is such a beautiful name. I might name my daughter Malaysia
@BreakawayBites3 жыл бұрын
Can't really achieve high-income status when the best and brightest mind are leaving in droves in what we call a "Brain drain "
@pooja3503 жыл бұрын
It's quite sad really. I plan on studying overseas for my Master's in a few years. But I doubt I'll leave Malaysia forever. Unfortunately, I have several cousins who've long been adamant to leave and never come back. I've not seen them in years. Such a disappointment
@ideensamalle5973 жыл бұрын
The brain drains are aliens not even a native
@jackeytam77003 жыл бұрын
@@pooja350 When your own country cannot help you. You have no choice but to look elsewhere
@pooja3503 жыл бұрын
@@jackeytam7700 that's also true. But don't forget that those who do are usually from well off families. What about the rest?
@jackeytam77003 жыл бұрын
@@pooja350 If they are lucky they can find a scholarship. If not then they are the unfortunate victims of a failed educational system...
@MrFadt3 жыл бұрын
OMG, this is one of the best content i ever watched! Thank you for highlighting our weakness and show us how to overcome it. 👍👍👍 Insyallah we can overcome this trap in the near future. Thank you admin ❤️ from Malaysia.
@wilsonjt56773 жыл бұрын
1. Malaysian politicians still aruging on 60 years old topic. 2. Kid's talent still determined by grade not creative and independent mindset. 3. Corruption everywhere. 4. SMEs or business owner is not been supported by goverment or policy. 5. Malaysian policy always is pumping money for cashflow but never educate the public how economics works.
@mdhasmatalimondal12163 жыл бұрын
As an Indian , I can relate . We are facing all those same problem
@wilsonjt56773 жыл бұрын
@@mdhasmatalimondal1216 yay..i agree..that's happen to most of the Asian country..
@theylaughatmynickname48603 жыл бұрын
Bla bla bla... Malaysian here who have lived in 4 continents. Hujan emas di negara orang. High income country? Like what? What goodness does it bring? Living in cramped houses like those in Tokyo or London? Can’t afford a car like in Singapore? Paying 3Euro for a glass of Coca-Cola like in a Germany? Or be afraid for your life because of the expensive medical fees like the jobless Americans? We can afford to own houses and drive our own cars, eat out almost everyday, our public hospital treats us for minimal charge. We are relatively safe. We don’t need to be in the so called ‘high income’ category. We are living better than them in many ways. I’ve seen my friend who earns 3000usd living in Tokyo. Trust me I’d rather be earning RM3000 living in Penang.
@Sminsky3 жыл бұрын
Those Malaysians who are working in Singapore are already high-income citizens, even those working as Security Officers there. And they are many of them working there hence generating the economy of Johor especially with their income to buy houses, cars, etc.
@Georgeklee3 жыл бұрын
You're talking about merely 300k migrant workers working in Singapore versus 22.3mil working population in Malaysia. The income of this size would not make Malaysia a high income nation.
@iamgreat12343 жыл бұрын
Meanwhile 3 million documented Indonesian live and work in Malaysia.
@Happy-ty2rp3 жыл бұрын
@@iamgreat1234 Please include rohingya also. Now i see the potential rohingya be the fourth major race in our country. we will see in future👍
@whatthehellisthis62453 жыл бұрын
@@Georgeklee not just simply add it together. Taiwan in 1980 are also a middle income country, but after we implement a series of policy that recruiting Taiwanese overseas, TSMC was born. after the foundation of science park in hsinchu, we became a important manufacturing hub of semiconductor. So these few people sometimes can change a entire country.
@leealex242 жыл бұрын
@@Georgeklee The solution to solve Malaysia's problem is extremely simple yet so hard to achieve the past 60 years, well all because of the corrupt, selfish and racist leaders who don't deserve to be called leaders at all. Firstly, just need to see everyone as MALAYSIAN and appreciate the cultural diversity/difference between them. Secondly, affirmative action (Perhaps, allocate 30% of money/efforts of government resources) should be based on needs ALONE, nothing else. The rest, the market will react and calibrate accordingly.
@user-gb2sw2no3l3 жыл бұрын
Agreed about your observations. According to the IMF, Malaysia is the highest nation in the middle income bracket and next in line to be a developed nation by 2023-2024. Which is just 2-3 years away. In hindsight, the Covid and other delays have been a good thing for Malaysia to increase domestic spending in 2020 to the highest level. It has ensured that the Malaysian growth in 2021 would be around 6.5 to 6.7%. Job creation has also been boosted late 2020, with unemployment falling to 4.5% from 5%, previously.
@limcharles97303 жыл бұрын
Sadly msia deserves better... bu 2023, china might even surpass msia on a per capita basis
@adammortgage24573 жыл бұрын
@Afix nah I don't think so,EU has been quite cooperative with china these last few months
@WINDYCHUNG3 жыл бұрын
@Justin Xie 别和印度阿三浪费口舌,他们都是神经病。
@leealex242 жыл бұрын
@@limcharles9730 The solution to solve Malaysia's problem is extremely simple yet so hard to achieve the past 60 years, well all because of the corrupt, selfish and racist leaders who don't deserve to be called leaders at all. Firstly, just need to see everyone as MALAYSIAN and appreciate the cultural diversity/difference between them. Secondly, affirmative action (Perhaps, allocate 30% of money/efforts of government resources) should be based on needs ALONE, nothing else. The rest, the market will react and calibrate accordingly.
@leealex242 жыл бұрын
@Keyboard Emperor The solution to solve Malaysia's problem is extremely simple yet so hard to achieve the past 60 years, well all because of the corrupt, selfish and racist leaders who don't deserve to be called leaders at all. Firstly, just need to see everyone as MALAYSIAN and appreciate the cultural diversity/difference between them. Secondly, affirmative action (Perhaps, allocate 30% of money/efforts of government resources) should be based on needs ALONE, nothing else. The rest, the market will react and calibrate accordingly.
@edouardfelicite693 жыл бұрын
Please Malaysians, WE CAN DO THIS. We need to grow better. Increase our productivity internationally
@dayanahisham56032 жыл бұрын
Yes lets work hard together for our country
@Biobele3 жыл бұрын
Malaaaaaysia truly Asia. That and got stuck in my head.
@ahmadshukairyjamali40973 жыл бұрын
Thanks from Malaysia!!
@xuminarc3 жыл бұрын
Wow, I learned a lot from this video. Yes, I agree that Malaysia has stuck in the middle-income trap. At the ground, wages for graduates have stagnated for almost 20 years. The minimum wage was only revised in recent years and mostly benefited foreign workers. In terms of governance, implementation and enforcement are key. 1. Ensure strict compliance for knowledge & technology transfer by investors and not just using Malaysia as a low-cost manufacturing hub; 2. Higher allocation for R&D, especially in agrotech, since we still export commodities such as palm oil & rubber. However, in biotech & food, we are severely behind our neighbouring countries. 3. We must not be afraid to penalise high-ranking officers and impose worse punishments for corruption charges. Time and time again, we have seen that current legal provision has not been able to act as a deterrent. 4. The government must also look at the wage structure as a whole and not just the minimum wage. There is a wage gap between the T20 and M40; wage and wealth must be better distributed. 5. Balance the ease of doing a business and starting a business so that more people can start their enterprise and enjoy the piece of the economy cake.
@felix1219843 жыл бұрын
In terms of purchasing power and HDI Malaysia ranks very high. It’s GDP per nominal is the issue.
@aimanharith58173 жыл бұрын
Yes
@iamgreat12343 жыл бұрын
Malaysia need more people. We nees to start agrarian revolution so that we can feed more people and make our highly overpopulated.
@leealex242 жыл бұрын
@@aimanharith5817 The solution to solve Malaysia's problem is extremely simple yet so hard to achieve the past 60 years, well all because of the corrupt, selfish and racist leaders who don't deserve to be called leaders at all. Firstly, just need to see everyone as MALAYSIAN and appreciate the cultural diversity/difference between them. Secondly, affirmative action (Perhaps, allocate 30% of money/efforts of government resources) should be based on needs ALONE, nothing else. The rest, the market will react and calibrate accordingly.
@XY-ev3wz3 жыл бұрын
" 7 out of 10 cars are Proton " Yeah because our car prices is so high that's basically unaffordable(except local made cars by Proton and Perodua, our 2nd national car brand)
@christianstewardship46383 жыл бұрын
From what my friend told me, Malaysian govt is very protective of local malays. If open a business in Malaysia, a certain percentage of work force and management must be local Malay. This creates a certain mindset of "why work so hard if I'll get paid anyways", lowering productivity. Not sure if it's true though
@saizan31933 жыл бұрын
in private sector business, mostly owned by chinese, management must be chinese even though they don't fit the requirements needed.. like a dumb kid who did complex adult things.. they even put chinese language requirement to work in a (national language - Malay) country.. what are they thinking, are their language are so special above others??.. national language first..
@graxie893 жыл бұрын
This is what the British did to us when they in power, divide and rule. When most Government sector the Malay were employed , the Private & Bussiness sector were Chinese. The Malaysian leader still use the same method when they are making policies
@saizan31933 жыл бұрын
@@graxie89 the government did this to balance economy disparity between the poor and the rich.. and the poor ones are unfortunately native Malays due to British unjust preferential treatment.. If this policy is not implemented back then, then there will be a bigger gap of wealth today like India where you can find slums near high end cities.. this policy is not perfect but it does work in narrowing the population wealth gap efficiently.. if the British didn't start giving the outsiders, the economic headstart.. this policy will not even exist in the first place..
@joyeuph3 жыл бұрын
Very true
@amiemohan85783 жыл бұрын
Sadly this was the reason my Holland-based tech company CEO told me , ended in KL and moved to Singapore... I still love that company but they cnt accept me in Singapore due to the Singaporean first policy...While he was telling this I was standing like a dumb!!! I was in a place not to comment!!!
@muhammadusman1093 жыл бұрын
Please also make a piece on Australia and how despite being a high income country, it doesn't have a substantial manufacturing base. Second point could be its dependence on China for exports. I think it will turn out to be a very interesting piece
@Jokkkkke3 жыл бұрын
What do you think of the book ‘How Asia Works’ by Joe Studwell? Seems like there’s some divergences between your diagnoses and his (mainly the point about the way Malaysia’s moved from an agricultural-based economy to a manufacturing one which I assume you think was done well while he believes Malaysia would have done a lot better with comprehensive land reform after independence), but there are also some overlaps (namely the over-reliance on foreign capital). Studwell also makes the point that the growth of manufacturing was mishandled due to the lack of export disciplining and industry culling, which has perpetuated a practice of rent-seeking behaviour over innovation - ultimately a holdover from colonialism
@AltSimplified3 жыл бұрын
Thanks for the comment! We have a lot of time for How Asia works. Especially the distinctions made between the Asian economies i.e. not homogenising them. Effective land reform is a central tenant of Joe's explanation and rightly so. Malaysia's land reform were cash crop focused and often at the expense of smaller farmers. Export discipline and culling were important factors, as was parts of NEP agenda. Often select industries would be excessively targeted to the detriment of the wider industrial base. Relatively to S. Korea, Taiwan et al, the limited support industries and low level of innovation can't be emphasised enough 👍
@shadewar3 жыл бұрын
I think this is the final outcome of most of the fast developing economies we see today
@kcl53093 жыл бұрын
RACIAL DISCRIMINATIONS RUNS DEEPLY. SMART AND WORTHY ARE BE BEING SIDELINED. BRAIN DRAIN IS PERENNIAL.
@pentastarshipz4933 жыл бұрын
agreed.. so much so that the minorities take up almost 72% of the economy cake... disparity to the max... XD
@JC-vj3pk3 жыл бұрын
@@pentastarshipz493 if the minorities are able to take up almost 72% of the economy cake with the majority still enjoying the privileges from the government, does the not mean that yall are just incompetent or am I missing something here?
@user-wg5un7hu8q3 жыл бұрын
@@JC-vj3pk truth, but some people couldn't take the burn 😂😂😂
@TheNiCeTEa3 жыл бұрын
@@pentastarshipz493 excuse me, do the minorities ruling the country for years? who to blame? I thought we have soooooo many tongkat policies to "help"?
@ishakshamsudin56403 жыл бұрын
Especially during the ph government rule but only lasted 22 months which saved the majority.
@monangagustian35643 жыл бұрын
It's important to have stable and clean govt, because mistake will always happen. With Stable and clean govt, the people won't easily lost faith and the leadership will have competent human resource to fix the mistakes.
@chongsinglim31833 жыл бұрын
We, Malaysian still stuck in racial barrier problems. We have to tear these down. Why racial and not cultural and religious barrier? Till now, I can said most of Malaysian have great understanding in cultural and religious. Malaysian still stuck in the "race-based pride" which still be the great wall that stopping us from integrate into "national pride". Malaysian shall understand what is the "race-based pride" that I mentioned.
@rrsharizam3 жыл бұрын
@@chongsinglim3183 The only way to remove the racial barrier is to ignore the politicians on both sides
@chongsinglim31833 жыл бұрын
@@rrsharizam Yes, agree.
@apair40023 жыл бұрын
@@chongsinglim3183 We got no racial barrier. The news and politician will always play this sickening racial issue. Especially the news that support certain political party and at the same time they want to get more views by creating racial issue. If you look deeper and globally you can see how politician allie with media to get own profit. Always playing racial/religious issue and not to forget the escape plan, the scapegoat.
@ganas463 жыл бұрын
Agree.....tutup sekolah jenis kebangsaan...sekolah kebangsaan diperkasakan.....tiru seperti negara jiran...thailand n indonesia
@avrinrose545710 ай бұрын
In my fictional world, Malaysia is one of the richest country, has higher economy and one of the superpower country in the world
@ramanathan78233 жыл бұрын
A proud Malaysian. I am very sure my country will shine bright like a star 🌟
@NewmaticKe3 жыл бұрын
When?
@kairadaud22983 жыл бұрын
@Neptunian Yes 3030 😂🤣
@b3armonk3 жыл бұрын
I see a lack of emphasis on innovation in this comment section. All I see is government is bad, Gen Y is bad, and Malaysia is good but almost no one emphasis on innovation which proves the video's point: Malaysians doesn't know how to innovate!
@imnotokay7yago5883 жыл бұрын
Well we have one innovation FOODS HAHAHAHA
@TheLegendA513 жыл бұрын
most are too narrow minded
@muhd.farisizzatbinnorazlan78153 жыл бұрын
Interesting!May new Malaysian Politicians from a revolutionised youth can bring forwards new policies and improvements.
@IanPaulSaligumba3 жыл бұрын
I love Malaysia and I can't wait to visit again.
@harrykumoro43353 жыл бұрын
Malaysia, Singapore and Indonesia have better position rather than Vietnam as a manufacturing hub, because relocating East Asia manufacturing can be boost their export to Africa, India, and middle East
@GhostXRizz3 жыл бұрын
Then india have the better position then these three but i still hope that one day in all countries in world be developed .
@nguyencongdanh2707903 жыл бұрын
You are wrong man! Vietnam is a far better location for becoming a manufaturing hub. It's close to China, therefore the relocating cost is cheaper compare to that of other countries'. In addition, most of the exporting goods are to the US, Europe, China, Japan, South Korea, and other Asean countries, not to India, Middle East, and Africa.
@luishernandezblonde3 жыл бұрын
Singapore has already been a hub.
@leealex242 жыл бұрын
@@nguyencongdanh270790 The solution to solve Malaysia's problem is extremely simple yet so hard to achieve the past 60 years, well all because of the corrupt, selfish and racist leaders who don't deserve to be called leaders at all. Firstly, just need to see everyone as MALAYSIAN and appreciate the cultural diversity/difference between them. Secondly, affirmative action (Perhaps, allocate 30% of money/efforts of government resources) should be based on needs ALONE, nothing else. The rest, the market will react and calibrate accordingly.
@leealex242 жыл бұрын
@@luishernandezblonde The solution to solve Malaysia's problem is extremely simple yet so hard to achieve the past 60 years, well all because of the corrupt, selfish and racist leaders who don't deserve to be called leaders at all. Firstly, just need to see everyone as MALAYSIAN and appreciate the cultural diversity/difference between them. Secondly, affirmative action (Perhaps, allocate 30% of money/efforts of government resources) should be based on needs ALONE, nothing else. The rest, the market will react and calibrate accordingly.
@leogens11123 жыл бұрын
even the Malaysian Chinese & Malaysian Indian always condemn Malaysia when they migrate or travel overseas.. Malaysia is still there. Malaysia is still growing.. Malaysia is still developing.
@berrybear24653 жыл бұрын
Compared to Singapore, Malaysia is a failure.
@saizan31933 жыл бұрын
@@berrybear2465 not a failure.. just a country of steadily increasing economy growth.. I mean, look at its growth rate.. saying it as a failure seems like you're the one with hatred..
@berrybear24653 жыл бұрын
@@saizan3193 Singapore dont have natural resources and land, Malaysia has. Although Singapore are kiasu, but you cannot deny their achievements
@saizan31933 жыл бұрын
@@berrybear2465 who denies their achievements, they are great, yeah.. but saying Malaysia is a failure without checking its economy data is kinda ignorant.. Kiasu means selfish, right? yes Singaporean s are kiasus...
@berrybear24653 жыл бұрын
@@saizan3193 ya but they rich tho
@economicsinaction3 жыл бұрын
Nice video and great channel !
@yuenhai3 жыл бұрын
Malaysia's challenges can be summed up in one word: corruption When you are a business but you are aware that a portion of your revenue has to go towards corrupted officials, there are a few ways you can respond A) Absorb the cost. But unfortunately, businesses aren't charities, businesses exist to turn a profit, so absorbing the cost is out of the question. Which leads you to B) Pass the cost on. This is what many businesses in the country do, passing on the cost of corruption onto their customers. When you pay for something in Malaysia, understand that more often than not, corruption has been factored into the price tag. But businesses cannot hike their prices indefinitely, so very frequently they will also need to find another way to deal with the cost of corruption. Which leads to C) Cost cutting. If businesses have to bear the cost of corruption, and there is a limit to how much they can pass on to their customers, then that just means they will have to cut their costs somewhere else. Spend less on R&D. Depress employee wages. Hire cheaper foreign labour. Etc It's not that Malaysia isn't capable of developing highly productive industries. It's just that industries and businesses in Malaysia are often shackled with a hidden cost of doing business. It's difficult to innovate and compete when something like 10-30% of your revenue goes towards dead weight, corrupt officials. And no, it's not just the government, corruption is endemic in the private sector as well
@desloh13 жыл бұрын
Agreed!!
@tangbesitangbesi70093 жыл бұрын
That's the sad reality in Msia, the rich and the powerful politicians and civil servants can get away with almost any bizzare things they do with a population so poor that they will vote in anybody who can do a meagre handouts
@leealex242 жыл бұрын
@@desloh1 The solution to solve Malaysia's problem is extremely simple yet so hard to achieve the past 60 years, well all because of the corrupt, selfish and racist leaders who don't deserve to be called leaders at all. Firstly, just need to see everyone as MALAYSIAN and appreciate the cultural diversity/difference between them. Secondly, affirmative action (Perhaps, allocate 30% of money/efforts of government resources) should be based on needs ALONE, nothing else. The rest, the market will react and calibrate accordingly.
@leealex242 жыл бұрын
@@tangbesitangbesi7009 The solution to solve Malaysia's problem is extremely simple yet so hard to achieve the past 60 years, well all because of the corrupt, selfish and racist leaders who don't deserve to be called leaders at all. Firstly, just need to see everyone as MALAYSIAN and appreciate the cultural diversity/difference between them. Secondly, affirmative action (Perhaps, allocate 30% of money/efforts of government resources) should be based on needs ALONE, nothing else. The rest, the market will react and calibrate accordingly.
@jackmaniix69553 жыл бұрын
I love this country MALAYSIA🇲🇾🤠
@ethanchinwei11423 жыл бұрын
all other country is fighting to reach 5G, 3NM Semiconductors, Electric Cars, space industries but malaysia fight for prime minister, racial issues and politics ..... this is sad and tiring
@jackjo27393 жыл бұрын
Malaysia suppose to be a high income nation by 2020 or 2021 the covid19 pretty much set things back a bit... But yeah, we are still behind on a lot of things...
@yihtorng3 жыл бұрын
by 2021 ? not really
@NewmaticKe3 жыл бұрын
@@yihtorng Vision 2020
@talhahabdullah89803 жыл бұрын
@Avinaash Subramaniam actually Pak Lah. Things pick up again with Najib. Then Covid struck
@AzzrudinJamil3 жыл бұрын
@@talhahabdullah8980 you mean the guy who stole billions from his own people? You're funny.
@yaboobayyaboobay81913 жыл бұрын
Malaysia will never ba a high income nation with the way races work over there.
@adenanwasli613 жыл бұрын
The growth was accelerated by the proceed from oil and gas contributed by Sarawak and Sabah since the seventies.. Today it is still the backbone of Malaysia's economy.
@pentastarshipz4933 жыл бұрын
Terengganu has contributed nothing? LMAO...
@xxprogamerxx77703 жыл бұрын
@@pentastarshipz493 when did he say terengganu contributed nothing?
@sukri66883 жыл бұрын
Siapa yg pro dalam bahasa inggeris to bahasa melayu, tlg translate kan video ni dan share kpd seluruh rakyat Malaysia supaya kita berjaya di masa hadapan utk semua masyarakat sama ada yg susah atau yg senang. Allah bless you all
@Rizzdono013 жыл бұрын
Ok meh aku cuba.. Video ni ckp negara kita masih mempunyai pendapatan yang sederhana kerana kita ni kekurangan produktiviti dalam sektor perindustrian. Kalau negara kita nk tingkatkan produktiviti, kita kenalah ada macam sesuatu inovasi baharu yang kemudian produknya boleh dikeluarkan secara besar-besaran untuk didagangkan pada tahap antarabangsa. Lagipun, kita dah banyak guna produk luar negara. Tapi secara keseluruhan, aku rasa negara kita ni ok je xterlalu miskin xterlalu kaya berbanding negara lain.
@Rizzdono013 жыл бұрын
Lagi satu kalau ambil kira covid-19 ni telah membuatkan sektor perniagaan kecil-kecilan, sektor pelancongan dan lain-lain semakin susah untuk dilakukan. Kita kena basmi dulu si covid-19 sambil menjaga kualiti hidup orang-orang yang menghadapi cabaran pandemik ni. Lepastu baru negara kita boleh pulih.
@Rizzdono013 жыл бұрын
@Zerevv But Bahasa Melayu and Bahasa Indonesia have a lot of similarities, so we can understand a bit.
@deathlovenote68673 жыл бұрын
@Zerevv kerana maksud dalam Indonesia merosakkan bahasa melayu yang sedia ada...
@sambaltempe59703 жыл бұрын
@Zerevv You need to read history. Even Indonesian language comes from Malay language. They just renamed it. In Malaysia some also call the Malay language as the Malaysian language.
@mafiq793 жыл бұрын
supporting local economy is not developed enough compare to thailand and singapore
@andrewondon3 жыл бұрын
Whatever criticism we have of msia, there's good things there. Until i have lived overseas, I didn't appreciate msia.
@jesusnotgod56353 жыл бұрын
Tell me more about it
@flokiseo65833 жыл бұрын
As a Singaporean I actually envy Malaysians for many things, such as culture and people and the ability to be trilingual. Maybe if the politics are better or if there was a lky there then Malaysia would have been so much better and I see Malaysia as a place of economic potential. Malaysia boleh!
@WoBuXihuan3 жыл бұрын
Don't forget the mentality of the students. Malay students are very lazy compared to Chinese
@andrewondon3 жыл бұрын
@@WoBuXihuan we have to stop generalising ppl. It's not fair when ppl say all Chinese carry coronavirus. Look at how Western countries r mocking or attacking Chinese ppl.
@andrewondon3 жыл бұрын
@@jesusnotgod5635 I appreciate the hot weather more, EPF is a very robust pension fund, here in UK, employee pays only 3%, employers pay 5% whereas in msia it's 11% and 13%, roads and accessibility are good, gov hospitals esp University Hospital are well managed n equipped, food is rich and authentic, it's more family oriented, children are more innocent, houses are better built (I have been to so many expensive houses here n it's so disappointing)
@wendang89063 жыл бұрын
I wonder why GRAB, the unicorn of Malaysia went to Singapore haha~
@sri65673 жыл бұрын
I attended a forum conducted by a few of the GRAB directors a couple of years ago and apparently Malaysia placed so many restrictions on a legal aspect onto GRAB...Singapore probably provided better negotiable options for them to opt-out :’)
@wendang89063 жыл бұрын
@@sri6567 Hmm I wonder what are those restrictions 😂😂... Man we loses a Unicorn because of that. Anyway thanks for the info 😀👍👍
@popocucu77493 жыл бұрын
Policy, tax benefits, start up incentives
@wendang89063 жыл бұрын
@@popocucu7749 Thanks for the info 👍👍
@popocucu77493 жыл бұрын
@@wendang8906 and many hidden reason :)
@3mKay3 жыл бұрын
we have been lucky so far, expending our natural resources to compensate while our economy plateaued. Hell, Proton flourish because we have heavy taxes on import cars, even doubling the price of some of them, its more like we have no choice but to buy local cars if you want affordable cars, its creating artificial demand for local cars. Our standards of living and quality of life decreased every year, but how long do you think we can get away until our natural resources dry up, especially oil ? Many benefits we have currently are subsidized by oil revenue, when it all dries up, we would implode
@chinkityap49893 жыл бұрын
.
@sehzadmemon75053 жыл бұрын
Good going malesia economy power 💪💪💪
@muhammada24453 жыл бұрын
Sorry but it is Malaysia😐🇲🇾
@muhammada24453 жыл бұрын
@@ziqmccaron2397 ?
@leealex242 жыл бұрын
@@muhammada2445 The solution to solve Malaysia's problem is extremely simple yet so hard to achieve the past 60 years, well all because of the corrupt, selfish and racist leaders who don't deserve to be called leaders at all. Firstly, just need to see everyone as MALAYSIAN and appreciate the cultural diversity/difference between them. Secondly, affirmative action (Perhaps, allocate 30% of money/efforts of government resources) should be based on needs ALONE, nothing else. The rest, the market will react and calibrate accordingly.
@intriguingfacts54343 жыл бұрын
All countries in ASEAN will be eventually middle-income trapped, except SG. Takes a bit of miracle to jump from developing to developed. It's more than just GDP per capita
@memeherp1663 жыл бұрын
Need extra effort, other developed countries Will not happy if there is developed countries again
@mluqmanhaqeem93723 жыл бұрын
Uhm. Hw bout Brunei? 🤔
@anaskhoiri36533 жыл бұрын
Brunei dumb
@leealex24 Жыл бұрын
I 100% disagree, Malaysia is already US$13,000 which is already high income by Atlas method, in 2-3 years it will be US$15,000 by World Bank standard. Thailand will be next maybe by 2030 - 2035.
@intriguingfacts5434 Жыл бұрын
@@leealex24 High income isn't developed yet....still categorized as "developing high-income". Or....both are just high-income among developing countries. Relative to true developed countries, TH and MY are still considered mid-income.
@haziq36363 жыл бұрын
Malaysia has a very bright future, if only the leaders and politicians put the people first rather than thinking of their own pockets.
@hazmanak86123 жыл бұрын
Thank you for the vlog. I've learnt a lot on macro economic related topics. Done subscribe. I hope more viewers to support your channel.
@AltSimplified3 жыл бұрын
Thank you for the sub! Looking forward to exploring more of the world together!
@somethung81883 жыл бұрын
Malaysia NEEDS to invest in tourism!!! Kuala Lumpur is INCREDIBLY UNDERRATED
@Gorilla66993 жыл бұрын
Look at KLIA and see how many Malaysian brands shops are there. Mostly foreign luxury brands, doesn’t help Malaysia’s image much
@thanosal-titan3 жыл бұрын
Tourism? Do you know something called "Covid-19 Global Pandemic"?
@iamgreat12343 жыл бұрын
Even we dont invest in tourism, we always have visitors from Indonesia or Philippines
@thanosal-titan3 жыл бұрын
@@iamgreat1234 Malaysia don't invest on the tourism, ehh!!! What's up with that "Truly Asia" slogan?
@iamgreat12343 жыл бұрын
Stuck in middle income trap has benefit Malaysian people a lot. For example land ownership in Malaysia is very strict. Foreigners could not buy expensive properties in Malaysia when Ringgit fall. Rural people migrate to cities and become majority. When Ringgit rise again, rural people that become urbanised sell their land to foreigners at premium price. English used to be main language in Malaysian cities when foreigners dominate them. Now, it's no longer the case since 80% already urbanised and speak their own dialect.
@avrinrose54577 ай бұрын
In my fictional world, Malaysia is a hub for all economic sectors
@avrinrose54577 ай бұрын
In my fictional world, Malaysia becomes an good allies with most countries in the world
@d7adict3 жыл бұрын
Low productivity stems from lack of innovation and quality workforce. Innovation and creativity is discouraged from the current affirmative education system which does not promote meritocracy, competitiveness and in turn, drives all potential great talents away to SG, AUS or Taiwan when they are not favoured in the Malaysia local education system if they are not from a particular race. There you have it why Malaysia is still stuck in middle income trap today behind other Asian powerhouse.
@azrulfyz11623 жыл бұрын
I am glad that we did not took loan from the IMF on the Asia Financial Crisis 1997, please dont ever resort to IMF for borrowing.. 👍
@waldorfwsc25803 жыл бұрын
Malaysia is in a shit crisis even worse than 1997. People are starting to beg for food on the streets, goverment still delusional. WE ARE DOWN! Malaysians becoming like banglas going overseas to kutip sampah, UM graduate some more.....
@kairadaud22983 жыл бұрын
@@waldorfwsc2580 as a Malaysian I agree with you, Malaysia is decline, it falling. I have no hope for this country.
@leealex242 жыл бұрын
@@waldorfwsc2580 The solution to solve Malaysia's problem is extremely simple yet so hard to achieve the past 60 years, well all because of the corrupt, selfish and racist leaders who don't deserve to be called leaders at all. Firstly, just need to see everyone as MALAYSIAN and appreciate the cultural diversity/difference between them. Secondly, affirmative action (Perhaps, allocate 30% of money/efforts of government resources) should be based on needs ALONE, nothing else. The rest, the market will react and calibrate accordingly.
@leealex242 жыл бұрын
@@kairadaud2298 The solution to solve Malaysia's problem is extremely simple yet so hard to achieve the past 60 years, well all because of the corrupt, selfish and racist leaders who don't deserve to be called leaders at all. Firstly, just need to see everyone as MALAYSIAN and appreciate the cultural diversity/difference between them. Secondly, affirmative action (Perhaps, allocate 30% of money/efforts of government resources) should be based on needs ALONE, nothing else. The rest, the market will react and calibrate accordingly.
@avrinrose54577 ай бұрын
In my fictional world, Malaysia is one of the largest exporters countries in the world
@diamondsauthority41433 жыл бұрын
lmao, i don't like if a country being over populated, but i think they need more population (not as high as Philippines, perhaps) and make sure the HDI can still be controlled. i mean, more men power will help a country, from the economy to military. South Korea even has more population than Malaysia.
@commander10443 жыл бұрын
But the population concentrated to much on the peninsula which makes it unhealthy in the long run
@Stephen_Jabs3 жыл бұрын
Yes , but external debt of Malaysia is much higher than the Philippines taken that The Philippines has More population, Malaysia has 58 percent Debt against GDP while the Philippines has only 38 percent Debt against GDP, you see good population is a factor,you could research on malaysias GDP against it's debt and other ASEAN countries for comparison
@limxiangking72963 жыл бұрын
population rate in malaysia is low i guess ? everythings is so damn expensive now, even you want to have a child you had to think wisely. The income never growth, but everythings else is growth like sky rocket.
@natep67293 жыл бұрын
What're you talking about? 32 million is just the right amount. Developed countries like Canada and Poland are around the same range. Australia's population is only 24 million for such a massive land size. Singapore with a population of 5 million is 6 times richer than Malaysia. Population is definitely not a key factor for a country's growth.
@natep67293 жыл бұрын
@@commander1044 That's not a problem at all. East Malaysia's population is around 6 million. That is a very good amount of population. It's the inefficient state government that's the problem.
@user-kx8ug6ir2j3 жыл бұрын
Good. I believe Malaysia has a strong enough economy but I blame for their lack of vision. Otherwise Malaysia should have been a tiger.
@omarmahadi82193 жыл бұрын
Malaysia been a cub for so long.
@pooja3503 жыл бұрын
We could've been what Singapore is now
@vipinsaraswat92683 жыл бұрын
I think Malaysia is much beautiful than other Asian country
@AltSimplified3 жыл бұрын
Great beaches as well. Shame footage of them was harder to find 👍
@tryntry71913 жыл бұрын
Cuz you are Malaysian🤣🤣 Lmao, well South Korea and Japan is better than your Poor country Malaysia🤣🤣😂
@pix_d203 жыл бұрын
@@tryntry7191 why do you hate malaysia so much. what have we done to you?? and dont be stupid to make such a bad comparison if you're that low to argue about which country has prettier beaches in a video about economics lol.
@tryntry71913 жыл бұрын
@@pix_d20 title: The cying poor Malaysian kid!🤣 Now showing in cinemas!
@pix_d203 жыл бұрын
@@tryntry7191 you're funny 😐
@mohdhilmi18903 жыл бұрын
I love this kind of videos, thank you so much 😘🇲🇾
@AltSimplified3 жыл бұрын
You’re welcome 😊
@mohankaman51533 жыл бұрын
Without corruption,they hard to survive.Tq maamukutty.
@standardnnn60643 жыл бұрын
Singapore, though small and has no resources, has a robust financial service industry. Also they actually have high tech firms and have many software companies. Not to mention logistic hub etc. That is why they can be such a high income nation. Their leaders are constantly thinking of moving forward, to compete with the world. In Malaysia, the leaders are constantly harping on race and religion to consolidate political power. A lot of the people with great skills already left Malaysia for Australia, NZ, Singapore etc. Doesn't need a genius to figure out why Malaysia is stuck.
@allanwong25553 жыл бұрын
I left malaysia in 1981 with my family for good and had enjoyed every minute since...................wat da u waiting for?
@abriz6688 Жыл бұрын
I agree. The Malays and their religion greatly hampering our economic growth.
@liangl52813 жыл бұрын
Najib please come back but without corruption
@hasrularifi49703 жыл бұрын
I find this comment rather unique
@cansrick18063 жыл бұрын
Honestly, innovation is being made but not being recorded, recognize, or even talked about.
@Ezwan-dg2oo3 жыл бұрын
True. Local talent & ingenuity largely ignored & misplaced.